Newport Corp. is considering the purchase of a new plece of equipment. The cost savings from the equipment would result in an annual Increase in cash flow of $200,000. The equipment will have an initial cost of $900,000 and have a 6-year life. There is no salvage value for the equipment. What is the payback perlod? Multiple Choice 1.33 years 2.57 years 4.50 years 6.00 years